Overview / Commentary
517-543-3880
236 South Cochran Avenue
Charlotte, MI 48813

Eaton Federal Savings Bank is headquartered in Charlotte and is the 44th largest bank in the state of Michigan. It is also the 2,237th largest bank in the nation. It was established in 1936 and as of March of 2018, it had grown to 72 employees at 5 locations. Eaton Federal Savings Bank's CD rates are 68% higher than the national average, and it has an A health rating.

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Reviews (1)

Best Bank You can Imagine

Posted by: Reportnewc | Apr 6, 2018

Eaton Federal Savings Bank is the best bank you can imagine. Their customer service is top notch. We live in a poorer community with a lot of elderly people. These people survey on social security and most don't have checking accounts. They get their monthly Social Security check directly deposited by the federal government into their Eaon Federal Savings Account. Many of these elderly people come into Eaton Federal Savings Bank the day their Social Security check is deposited in their savings account. They come with all of their monthly bills and bring them to the bank tellers. The bank tellers will then write money orders for each of these elderly persons' bills and mail them. It is an incredible service for these people that the bank does not charge for. My favorite service I use at the bank is free checking. There is no monthly fee and no minimum balance for this account. You also get an ATM card with this account. It is a great bank.



Health

Health Grade Components

Overall
FDIC Certificate #29846
Year Established1936
Employees72
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD2.33%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$291.7MM$299.3MM
LoansQ1 2018vs Q1 2017$180.8MM$179.5MM
DepositsQ1 2018vs Q1 2017$223.3MM$231.6MM
Equity CapitalQ1 2018vs Q1 2017$52.9MM$52.4MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.2MM$2.0MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$1.4MM$1.4MM
Real Estate OwnedQ1 2018vs Q1 2017$53.00K$200.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Eaton Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Eaton Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--Statement Savings Account
0.20%--Christmas Club Account
0.20%--Kids Club Accounts

Eaton Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$2.5k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.10% $50 - $2,500

Eaton Federal Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$300-Personal Checking
0.10%$300-Senior Checking

Eaton Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$500-7 Years CD
2.12%$500-5 Years CD
2.02%$500-4 Years CD
1.91%$500-3 Years CD
1.76%$500-2 Years CD
1.51%$500-1 Year CD
0.75%$500-6 Months CD

Eaton Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%$500-7 Years IRA
2.12%$500-5 Years IRA
2.02%$500-4 Years IRA
1.91%$500-3 Years IRA
1.76%$500-2 Years IRA
1.51%$500-1 Year IRA
0.75%$500-6 Months IRA
Locations


Eaton Federal Savings Bank Locations
103 S Main Branch103 South MainOlivet, MI 49076
109 S Main Branch109 South MainNashville, MI 49073
Eaton Federal Savings Bank236 South Cochran AvenueCharlotte, MI 48813
307 South Main Branch307 South MainEaton Rapids, MI 48827
Grand Ledge Branch500 South ClintonGrand Ledge, MI 48837

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